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Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $211,500; lar improvements are appraised at $47,000;

image text in transcribed Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $211,500; lar improvements are appraised at $47,000; and the building is appraised at $211,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places

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